Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Tir3d_king on November 07, 2024, 03:11:02 PM
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
This is the usual quote for all randomly generated new tokens and 'projects'.
All of them are community-oriented and offer stability, opportunity for investors, privacy...
The better question is, do any of them solve an existing problem and offer a more efficient solution?
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This your post is better describe from the perspective of hamster token and cati token that became dust to their community participants. If you invested money in the development process of the project and participate in the community then your share of the token will be good after the pre sale of the project. But if you are not part of the term and only a participant in the community then anything that you see in your wallet, you have to take it because it is free token given to you for joining the community carrying out some task for them.
And that also depends on the total number of participants in the community. If the number is large then the distribution will small to all but if they are few then you have a large share. NOTcoin participants were not much and that was why the participants got good share from the token.
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In project's defense, there are few (if at all) who has genuine interest in project, and most are there just for sake of piece of pie, so projects do what they need to do — I.e, try to figure out the genuine ones and give them allocation and not to them who are there for sake of rewards. It's only fair.
You can look at Uniswap airdrop back in 2020, they rewarded everyone with airdrop who had traded at least $20 on exchange, and they didn't bother to filter because everyone who used exchange was genuine user as there was no retrospective airdrop trend back then, and people weren't farming projects.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
You are right crypto is full of such communities and sorry to say If you are referring to any specific community, then mention that, please, as I did not get what you are saying but as a whole I understand a community should think about their members. Like any other crypto platforms they must allocate some airdrops, bonuses, and rewards to their active members and nowadays almost every other community is doing that except few.
So all we can do is avoid those few communities and if you are not joining more than one then that's a mistake because depending on one community is not right.
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So, the context is about airdrop allocation, then? I consider participating in forum discussions part of belonging to a community. Even if you don't make money from that you get a lot of benefits such as learning new things, getting help from technical enthusiasts if you find yourself in trouble, keeping up to date with the latest market trend, etc. Sometimes I know a new project from people asking whether they should participate/buy their tokens or not. While it's rare that you find a worthy token to buy from this, it's easier to filter than searching on social media, where they bombard you with ads/paid posts.
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I totally agree with you. It is sad when projects say they care about their community but only help few people. This breaks trust and ruins the community. When benefits are not shared fairly people feel used and unhappy. Real community focused project should care about all its members not just few. Community is valuable when it treats everyone equally and gives them what they deserve. If project does not do this, we should question its intentions. We need to make sure projects do what they promise.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to.
Of course, we should be angry and even condemned those projects that built a strong, big and vibrant community that made their projects really popular and then we are shocked to see that community members are actually getting breadcrumbs in the end. Well, what comes to my mind is, of course, HAMSTER KOMBAT. Projects like this should not be supported at all as they are just masquerading in white robes but are actually robbers of our time, effort and even investments. Unfortunately, it is so hard to tell and see which of the many projects right now can be doing like Hamster Kombat so we are left with no guidance but just speculations. We certainly do not deserve the SCRAPS they are offering.
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Community is valuable when it treats everyone equally and gives them what they deserve. If project does not do this, we should question its intentions. We need to make sure projects do what they promise.
Tbh, I believe it would be fair if projects allocated more tokens/incentives for whoever contributed more to their development. After all, you can't say some likes and retweets from accounts with less than 10 followers are as impactful as some tweets with 1 million impressions. The problem happens if they're not transparent about this or change the rules whenever they feel like it. Especially if they hyped community allocation so much but the result is the opposite. CMIIW.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
What members you are pertaining into?
-Investors or Bounty hunters?
If you are talking on investors perspective then it would really be that a shit thing that you will really be making up some investment into a project on which it does have that
shit tokenomics yet these are primary things that you would be able to see on the time they do make out some presale.
If you are talking bounty hunters then it will really be just that right that you shouldnt really be expecting too much on how these projects will really be giving
into its community specially to those who do spread out awareness.
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If you are part of the community who created the project to extort people, you will definitely benefit huge when the presale is done because you guys are the ones in charge of it and you are the project community. I read it in the other forum on one of their thread, that Trump family/wife said that whether their token makes profit or loss, their family own profit is 75%. You can see that there are insiders of a project that must benefit higher. Airdrop participants are the ones that are used to popularize the project and receives dust payments.
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If you are part of the community who created the project to extort people, you will definitely benefit huge when the presale is done because you guys are the ones in charge of it and you are the project community. I read it in the other forum on one of their thread, that Trump family/wife said that whether their token makes profit or loss, their family own profit is 75%. You can see that there are insiders of a project that must benefit higher. Airdrop participants are the ones that are used to popularize the project and receives dust payments.
I think most of these new projects don't really consider the users/participants as a major part of their project when it comes to profit wise, leaving them with nothing after wasting their time and efforts. And also, i doubt if those that are employed directly to help manage/promote some of these projects are compensated enough. Rather than building community strength and trust, it's quite disappointing that so many projects coming up today prefers to make money and dump the project like it never existed.
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If you are part of the community who created the project to extort people, you will definitely benefit huge when the presale is done because you guys are the ones in charge of it and you are the project community. I read it in the other forum on one of their thread, that Trump family/wife said that whether their token makes profit or loss, their family own profit is 75%. You can see that there are insiders of a project that must benefit higher. Airdrop participants are the ones that are used to popularize the project and receives dust payments.
I think most of these new projects don't really consider the users/participants as a major part of their project when it comes to profit wise, leaving them with nothing after wasting their time and efforts. And also, i doubt if those that are employed directly to help manage/promote some of these projects are compensated enough. Rather than building community strength and trust, it's quite disappointing that so many projects coming up today prefers to make money and dump the project like it never existed.
It's difficult finding genuine projects this days that put the community first. The truth is, these projects are only interested in the real investors, that is why at the end of any project, they channel the rewards to the insiders and maybe early backers. @joniboini is right about focusing more on forum discussions. At least here, you will earn both the knowledge and financial benefits without wasting time and energy on worthless projects.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...
in almost every community there is always hierarchy for us who are not part of the higher levels of course this is a problem as it is unfair especially if we are the ones who gave in more effort than the higher ups but yeah it is unavoidable that there will be the vip ones treated as such for the bare minimum at least they should limit it and not give everything to the vips
There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
if a project is mostly directed to its developers then i will not really call it a community based project
a community based project should listen and cooperate with the holders and members to improve the project hierarchy will always be present but if majority of the benefits go to devs then the project is a hoax and was created solely for the developers in the first place
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For me, token allocation is important, but there is something more important, which is performance... we can see unfair allocation, but if only the performance of the team and developers can be a special consideration, I think investors will still get benefits... and I think that is better than having to lose.
The point is that I see a project from how it can succeed in the business model it designs, because we all know that the fundamental aspect of a coin is performance.
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As long as there is a possibility for the #DevelopmentTeam to print, burn or control the issuance of tokens, there is no guarantee that they will not misuse them. Also, not knowing how to distribute tokens or distributing a large amount of them in an ICO or not knowing how they will be distributed are all factors that make you think several times before investing.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
I think the community should receive a smaller amount than developers and the team. But a strong community is good, and it may attract more people to the project.
Bitcoin is a project with a very strong community support for example. Bitcointalk/reddit are places for technical support and discussions . There is also a strong presence in X and telegram and YouTube. Just like solana for example
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
The allocation will be based on how much they contributed over others, for example if it bounty then stakes will be higher if they completed all the tasks than the one who did a few and the same thing applies to bigger picture too.
Community token project doesn't even reach the market in the first place so whether you received small allocation or big, everything will just goes in vain.
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Promises is a normal thing for new projects, sometimes they even say things that are unrealistic, but because investors are blinded by the thought of making money, they go ahead to buy it.
Every new project will claim to care about their community, whereas most of them only care about their pockets and once they have made money for themselves, they are gone for good.
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects,
It's a marketing gimmick and it still works. At the end of the day, nobody wants to be spending money on a token without getting anything in return. It's either you dump or get out early or you be the one getting dumped on ;D With new projects launched each week/month, quickly abandoning ship is the trend these days
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One of the things I hate to see the most are those projects who come out first claiming to be community focused projects, but once it's time for shared benefits, most of the allocation goes to a selected few when the rest are left to share the scraps...Some of you should already know what I'm making reference to. There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
There are no benefits for belonging to the current projects because they are time-wasting, and I know you are referring to X Empire and Hamster Kombat because of your experience with the dust tokens they distributed to their participants. All of these communities are a waste of time and effort because they make false promises to motivate participants and then use them to promote their community, only a small percentage of these communities reward participants for their efforts, and if you watch those communities, you usually see that they have few participants. However, if you see communities with a lot of participants, don't expect to receive big rewards.
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There are no benefits for belonging to the current projects because they are time-wasting, and I know you are referring to X Empire and Hamster Kombat because of your experience with the dust tokens they distributed to their participants. All of these communities are a waste of time and effort because they make false promises to motivate participants and then use them to promote their community, only a small percentage of these communities reward participants for their efforts, and if you watch those communities, you usually see that they have few participants. However, if you see communities with a lot of participants, don't expect to receive big rewards.
I feel some of these project founders needs to outline the project and every steps that needs to be taking before the final distribution of allocations or whatever reward that the community ought to receive. I have the feeling that some of these projects owners sometimes don't usually make plans, while others might have plans(but don't usually involve a large portion of the community). I experienced one myself just 2 days back. The airdrop I've been participating in, made a recent announcement that users below a specific number of points won't even get anything, and I've literally been participating in this project for months now. What a drastic way of wasting people's time, and I believe the number of users that hasn't accumulate to their requirements are far more than those that have.
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this will have to do with the kind or type of project community we are opting for, some may be rewarding and fully prepared for their real time launch, while some may be unprepared and will only join in taking much of your time for performing their task to later reward you with little or no return at all, but when we know much about a particular project, it is going to be an added advantage for us being recognized by them.
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but when we know much about a particular project, it is going to be an added advantage for us being recognized by them.
Some of these projects look very legitimate in the beginning, they tell the investors and their community everything they set out to do and achieve with the project, but many times these are unrealistic promises. My point is that one can know much about the project, but in the end the project can still turn out to be a scam or a complete waste of time to all involved.
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There are only a few communities that really offer benefits to their holders and it makes me wonder, what's the use of a community if it doesn't put the interest of it's members first? I'd like to hear your thoughts.
It really depends on your contribution to the community and the reputation of the project. If you think that the community was set up to serve the interests of the developers and not really a community-based project, then its not worth being a part of the community.
Some communities put emphasis on contribution; if you're not part of the ambassadors or promoters, your benefit is much lower, worked that way,
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Community token project doesn't even reach the market in the first place so whether you received small allocation or big, everything will just goes in vain.
Sad but true,
So far, the conditions that often occur are like this. Usually developers will still prioritize investors' tokens to be able to trade in the market first and carry out several stages of freezing or sending to the community. because developers always have concerns that community members will make the bankrupt immediately when they enter the market and trade in all the tokens. This makes sense, but not 100%.
However, usually, the community is what makes a project famous, big, and getting hype. but unfortunately, not many projects care about the community and will let it go if they are at a certain stage and have had enough of the hype. and in the end, there are several cases where the community is disappointed with the results.
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As long as there is a possibility for the #DevelopmentTeam to print, burn or control the issuance of tokens, there is no guarantee that they will not misuse them. Also, not knowing how to distribute tokens or distributing a large amount of them in an ICO or not knowing how they will be distributed are all factors that make you think several times before investing.
This is exactly why Bitcoin is totally different from these shitcoins and that’s why it’ll always stand out in every area. No one has the ability to create new Bitcoins because if it was so then those who are reserved with such ability would definitely misuse it to suit their own personal needs. The reason why these new projects always end up crashing after making some notable improvements is because the Devs can create and burn tokens at anytime and this can potentially contribute to price manipulation. If developers can come up with a project that possesses the framework of the blockchain network, then perhaps there could be some level of confidence.
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I think your point is very much about airdrop, which we tend to forget over and over again. These forums do not only discuss airdrop or bounty topics. Here you can know and learn the right way to earn money from crypto. Many come here only with the intention of making money but get disappointed when they get nothing from the airdrop. However at this time most people are chasing telegram tap gaming so the number of active members is less. Many others are continuously working on bounty to earn money. But the word of airdrop is less now and people are considering it as absolute nonsense.
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This is exactly why Bitcoin is totally different from these shitcoins and that’s why it’ll always stand out in every area. No one has the ability to create new Bitcoins because if it was so then those who are reserved with such ability would definitely misuse it to suit their own personal needs.
Supply is not the main reason for using Bitcoin. There are cryptocurrencies with a total supply of less than 21 million, and yet we do not see anyone willing to pay a dollar for them. As for Bitcoin, although the supply is limited, the number of satoshis is very large. We have about 2.1 quadrillion satoshis.